· A bloodbath session was recorded at the PSX following the political turmoil in the country. The market opened with depressive sentiments and the stocks further tumbled down following the arrest of former Prime Minister Imran Khan, resulting in the index losing 551.76 in the intraday. Investors’ participation remained reasonable as decent volumes were recorded across the board while 3rd tier stocks remained in the limelight.

· The index closed at 41,373.81 down by 455.68pts (-1.09% DoD). Sectors contributing to the performance include Commercial Banks (-109.5pts), E&P’s (-78.3pts), Fertilizer (-56.3pts), Inv. Banks / Inv. Cos. / Securities Cos. (-36.7pts), and Technology & Communication (-33.1pts).

· Volumes increased from 179.1mn shares to 203.1mn shares (+13.4% DoD). The average traded value also increased by +22.4% to USD 20.5mn as against USD 16.7mn.

· Stocks that contributed significantly to the volumes are WTL, NBP, KEL, TPLP and HASCOL.

Courtesy – AHL